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Global Software Testing Market in Telecom Sector to Exceed USD 3 Billion by 2019, According to TechnavioAccording to Technavio’s latest report, the global software testing market in telecom sector is expected to exceed USD 3 billion by 2019, growing at a CAGR of over 8% during the forecast period. The global software testing market is predicted to grow at a steady growth rate due to various factors such as increased awareness and adoption of software testing services. Testing services have become an inherent part of the life cycle of product development to deployment of software. They have become an important factor in addressing risks early in the life cycle, and thus assuring reliability and compliance. According to Amit Sharma, lead analyst for IT professional services research at Technavio, “The software testing services are growing rapidly because of the increased pressure to reduce cost, improve customer services, enhance employee productivity, and optimize business processes.” In this report, Technavio covers the present scenario and growth prospects of the Global Software Testing Market in Telecom Sector for 2015-2019. The report also presents the vendor landscape and a corresponding detailed analysis of the top five vendors operating in the market. The market is segmented into the following three regions:
Americas: increased consumerization of data services propel growth The software testing market in the telecom sector in the Americas is expected to exceed USD 1.4 million by 2019, growing at a CAGR of over 7%. Software testing in the mobile network has been making a significant contribution to the telecom software testing market in the Americas. With the increase in Internet penetration, it has become more important to develop and maintain next-generation CRM systems that require highly managed test environment support. Increased consumerization of data services and location-based applications in the telecom sector are key drivers for growth of software testing in the Americas. Growing demand for cloud services will lead to the entry of new vendors in the cloud-basd testing services space to meet the expectation of telecom providers that aim to implement the latest technologies and innovations. Request a sample report: https://goo.gl/Fa1KOx EMEA: favorable regulatory framework to boost growth The software testing services market in the telecom sector is expected to exceed USD 1 million by 2019, growing at a CAGR of over 8%. The telecom sector companies in EMEA are committed to increasing their expenditure on IT-related services such as extending IT support coverage, ensuring high availability of the testing environment, and contracting cloud-based testing services to provide seamless coordination among in-house software testers and developers. Africa has witnessed increased spending in telecom services because this region has seen the fastest mobile subscriber growth in the world. Factors such as low call prices, penetration of low-income segments, low cost of ownership for handsets, and better network coverage in rural areas will promote the growth of software testing services in Africa. “The Middle East too, has experienced tremendous growth in offshore software testing services and software deployment activities in the telecom sector as a result of favorable regulatory framework and policy support from governments,” says Amit. APAC: high adoption of technologies in the telecom sector to boost growth The software testing market in the telecom sector in APAC is growing rapidly with a CAGR of almost 9%. APAC has been witnessing high adoption of technologies in the telecom sector over the past few years. There have been some positive trends in this market that have led to the growth of mobile data services and online digital entertainment. The key drivers in this market are the penetration of international companies in the region and the growth in the analytics software market for improved CRM, which is accelerating application development, testing, and maintenance services. Also, an increased shift in the nature of business over the telecom network such as managing marketing campaigns and social media analytics has changed the focus of companies to develop and test the platform for related applications and software in APAC. Key Vendors: The other prominent vendors mentioned in the report are: Alcatel-Lucent, Capgemini-Sogeti, CGI (News – Alert), Cognizant, Infosys, Maverick Systems, NTT Data, TCS, Tech Mahindra, and Wipro. Browse Related Reports:
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio’s reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: https://www.businesswire.com/news/home/20160322005104/en/ |
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